House Resolution No. [insert number] proposes to declare April 2025 as Financial Literacy Month in Michigan. The resolution emphasizes the importance of financial literacy in promoting economic growth and individual self-sufficiency, particularly for low- and moderate-income citizens. It highlights the Michigan Legislature's previous actions, such as the enactment of House Bill 5190, which mandates a financial literacy course for high school graduates. The resolution also notes the collaborative efforts of various organizations in Michigan to enhance financial education and resources for citizens, aiming to improve their understanding of financial markets and institutions.
The resolution calls for increased public awareness of personal financial education and encourages participation from parents, schools, businesses, financial institutions, community organizations, and government entities to observe Financial Literacy Month with relevant programs and activities. By fostering financial literacy, the resolution aims to equip Michiganders, especially the youth, with essential money management skills that will prepare them for responsible financial decision-making and contribute to a more economically stable society.